G-III Apparel Group LTD.'s first-quarter solidly beat Wall Street’s expectations by 21 cents, boosted by wholesale sales and the contribution from its G.H. Bass acquisition in 2013.
For the three months ended April 30, net income rose 15.4 percent to $1.3 million, or 6 cents a diluted share, from $1.1 million, or 5 cents, a year ago. Wall Street was expecting a net loss per share of 15 cents. The company also beat Wall Street’s consensus estimate of $346.1 million in sales. The company said net sales increased 34.3 percent to $366.2 million from $272.6 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"